Commercial

Project to fill gap at the Mount

Mount Maunganui's first large industrial subdivision to be created in the past five years is about to go on the market, subject to resource consent approval.

Saturday, July 24th 2004

Four Auckland-based investors in Quay Land Holdings recently bought the 14.1ha block less than a kilometre from the gates of the Port of Tauranga for $16 million. It is one of the largest commercial deals in the port and beachside town, outgunning a $14.2 million sale two years ago of an industrial block in McDonald Street with seven buildings on five titles.

Quay Land Holdings plans to subdivide the land into 28 industrial lots ranging from 1500sq m to 2ha on perpetual leases. It has a rail siding running almost the entire length of the site on its southern side.

"There are no other blocks in the area for subdivision, and companies wanting to expand are stymied because of land restraints," says Simon Clark, Tauranga director of Colliers International, who brokered the latest deal and the earlier McDonald Street transaction.

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Property investors refocus on cash flow

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Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

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